CARMEL,
Ind., March 13, 2025 /PRNewswire/ -- Syra Health
Corp. (NASDAQ: SYRA), a healthcare technology company dedicated to
powering better health through innovative technology products and
services, announced today a one-year, $660,000 Population Health contract extension
with a national healthcare organization. This agreement, combined
with the previous year's agreement, brings the total contract value
up to $1.32 million.
"We are pleased to continue securing valuable
population health contract extensions, as demonstrated by this
announcement," said Dr. Deepika
Vuppalanchi, Chair and CEO of Syra Health. "This is a
testament to the trust our partners place in us and highlights our
ongoing ability to deliver impactful healthcare solutions that
improve health outcomes. As we continue to secure such extensions,
we are confident in our strategy to deliver long-term growth,
expanded reach, and sustainable value creation."
Through the contract extension, Syra Health's
team will continue providing Healthcare Effectiveness Data and
Information Set (HEDIS®) outreach and support services. This
extension enables Syra Health to further contribute to the
organization's efforts to improve healthcare quality, enhance
member outcomes, and reduce costs through expert data analysis and
member outreach initiatives, as initially announced in March of
2024.
This contract extension supports the continued
expansion of Syra Health's Population Health business unit, which
is one of the key growth contributors to the company's diversifying
revenue base. The success and renewal of these contracts align with
Syra Health's strategic focus of strengthening its revenue streams
through higher-margin business segments.
About Syra Health
Syra Health is a healthcare technology company powering better
health in critical areas such as behavioral and mental health,
population health, and the healthcare workforce. The company's
leading-edge technology products and innovative services focus on
prevention, access, and affordability. With a commitment to
improving health, Syra Health is advancing healthcare solutions
nationwide and around the world. For more information, please visit
www.syrahealth.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans,
and prospects, as well as any other statements regarding matters
that are not historical facts, may constitute "forward-looking
statements." These statements include but are not limited to,
statements relating to the expected use of proceeds, the Company's
operations and business strategy, and the Company's expected
financial results. The words "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will,"
"would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. The forward-looking
statements contained in this press release are based on
management's current expectations and are subject to substantial
risks, uncertainty, and changes in circumstances. Investors should
read the risk factors set forth in our Form 10-K for the year ended
December 31, 2024, and other periodic
reports filed with the Securities and Exchange Commission. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and, except as required by federal
securities laws, the Company specifically disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events, or otherwise.
Contacts
For Media Inquiries:
Christine Drury
Corporate Communications Director
Syra Health
463-345-5180
christined@syrahealth.com
For Investor Inquiries:
Corbin Woodhull
Managing Director, Global Advisory
Hayden IR
602-476-1821
corbin@haydenir.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/syra-health-secures-660-000-population-health-contract-extension-302400525.html
SOURCE Syra Health
